Japan: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Japan

The Japanese lathe for removing metal market fell to $X in 2021, shrinking by -12.4% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Lathe for removing metal consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in Japan

In value terms, lathe for removing metal production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced decrease. The growth pace was the most rapid in 2014 when the production volume increased by 24% against the previous year. Lathe for removing metal production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Japan

In 2021, approx. X units of lathes for removing metal were exported from Japan; increasing by 40% compared with the previous year's figure. Over the period under review, exports, however, showed a pronounced decline. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lathe for removing metal exports soared to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Italy (X units) were the main destinations of lathe for removing metal exports from Japan, with a combined 46% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +24.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from Japan were the United States ($X), China ($X) and Italy ($X), with a combined 46% share of total exports.

Italy, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, waning by -13.5% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lathes For Removing Metal

Imports into Japan

In 2021, purchases abroad of lathes for removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a perceptible slump. Over the period under review, lafor removing metal imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lathe for removing metal imports surged to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.0% against 2018 indices. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest lathe for removing metal supplier to Japan, with a 55% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.8% per year) and South Korea (+9.7% per year).

In value terms, the largest lathe for removing metal suppliers to Japan were China ($X), Thailand ($X) and South Korea ($X), with a combined 87% share of total imports.

South Korea, with a CAGR of +25.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, with a decrease of -16.6% against the previous year. Overall, the import price, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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